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Vanguard vs Charles Schwab

Vanguard is a good choice for ETF and mutual fund investors interested in Vanguard-sponsored investments. How does it compare to Charles Schwab? Read our comparison chart below.

Vanguard offers low stock trade prices (starting at just $2) for investors with account balances over $500k. For those with smaller balances, it's best for less active traders, as trade prices go up after 25 trades/year. Vanguard offers 125+ no-transaction-fee mutual fees and 55+ commission-free ETFs. There is no minimum deposit and service fees can be waived by signing up for electronic statements.

While Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Vanguard with Charles Schwab, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Vanguard

Charles Schwab

Norton Internet Security 60-day free subscription - Learn More

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SPECIAL OFFER
500 Commission-Free Online and Options Trades - Learn More

Read Charles Schwab Review

 

Benefits and Features

Stock TradingLess than $50,000: $7 per trade for the first 25 trades per year, then $20.
$50k - $500k: All trades $7.
$500k - $1M: All trades $2.
$1M - $5M: First 25 trades per year free, then $2.
$5M+: First 100 trades per year free, then $2
$0 commission on U.S. stocks and ETFs
Options TradingLess than $500,000: $7 + $1 per contract.
$500,000+: $2 + $1 per contract
$0 + $0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee funds. For transaction-fee funds: $20 for account balances less than $500,000; $8 for account balances $500,000+$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFsAround 1,800 ETFs from about 100 other companies500+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Broker Assisted Trades
$25.00
$25.00 service charge
Customer Service
Monday-Friday 8am -10pm ET
24/7
Inactivity Fee
$0
None
Maintenance Fee$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
$0
Banking
No
Yes
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Forex Trading
Yes
 
Futures Trading
No
$1.50 per contract
Locations
No
300 locations
Online Community
No
Yes
Seminars
Yes
Yes
Virtual Trading
No
No
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Mutual Fund Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Online Platform
Banking
Pros & ConsPros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Pros:
  • Vast selection of commission-free ETFs and mutual funds
  • 2 platforms (one for beginners and one for advanced traders)
  • 24/7 customer service including online chat
Cons:
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Bottom LineGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full reviewGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Vanguard: Pricing information from published websites as of 09/15/2019.

Charles Schwab: Pricing information from published websites as of 09/15/2019.

Which is Better: Vanguard or Charles Schwab?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Vanguard or Ally Invest.

In short: Vanguard's mutual fund trading, commissions and fees, and ease of use are worth mentioning. In particular, the mutual fund trading and ease of use are impressive. Charles Schwab's stock trading and research are notable. In particular, the research is excellent.


Articles on Vanguard


Articles on Charles Schwab


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